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GBP/USD: pound returned to Cloud

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Technical levels: support – 1.3980; resistance – 1.4100, 1.4170.

Trade recommendations:

  1. Buy — 1.3980; SL — 1.3960; TP1 — 1.4100; TP2 — 1.4170.

Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are entered into the cloudy area and will may test the Kijun’s support.

02-gbpusdh4.png

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